A government-appointed panel this month proposed the so-called inter-creditor agreement among other measures after criticism that at times smaller lenders in a lending consortium were creating roadblocks for speedier resolution.

The actions of the revenue department on the legacy tax issues facing the financial services companies are at variance with the government’s stated intent of avoiding litigation. However, signs that the government is open to dialogue are a positive., say Rashmi Deshpande and Anjali Krishnan.

It has been decided that the exposure of banks and NBFCs to a borrower classified as an MSME under the MSMED Act, 2006, shall continue to be classified as a standard asset in the books of banks and NBFCs subject to the following conditions.

The wide-ranging inquiry, known as a 'Royal Commission', has proved a headache for the government, criticised for its reluctance to order the probe, as well as a severe setback for Australia's major lenders and its largest listed wealth manager AMP.

Among the finance circles, most conversations are nowadays hovering around whether debt proposals submitted are being looked into positively by the lenders? Bank funding challenges have become acute with data from the Reserve Bank of India showing over 17% of total loans are stressed that is, in default, restructured or made to companies experiencing recurrent difficulties in making payments. This is a scary number! It implies not only that the banks capital would get eroded, even your and my Read more..